The Genesis of Economic and Financial Criminality

Mădălina Sperlea (Popescu Bordeni) ()
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Mădălina Sperlea (Popescu Bordeni): “Alexandru Ioan Cuza†POLICE ACADEMY, Romania

Ovidius University Annals, Economic Sciences Series, 2022, vol. XXII, issue 2, 440-449

Abstract: Financial crime is a global problem and as globalization makes foreign markets more accessible, this becomes more apparent. Financial crime involves the illegal making of money through relationships with transnational organized crime, tax evasion, corruption, stock fraud, drug or people trafficking, and embezzlement. To detect, manage and combat financial crime more effectively, stakeholders need to implement more cohesive and integrated financial crime programmes. The fight against financial crime therefore requires cooperation and coordination between many jurisdictions and the public and private sectors. This complex challenge requires constant dialogue between government and regulatory agencies, reporting entities, industry representatives and global and local independent watchdogs to develop mechanisms to collect and monitor data sharing. Crime remains in the interest of other disciplines, especially criminology and criminal law, which translates into the awareness that there is a real need to define this phenomenon precisely to be able to fight against it.

Keywords: economic-financial crime; globalization; profit; loss (search for similar items in EconPapers)
JEL-codes: G14 G17 (search for similar items in EconPapers)
Date: 2022
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